NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-9A-6
Qualified equipment
Official textnmonesource.comlast amended
Equipment not previously used in New Mexico and not previously approved for a credit under the Investment Credit Act that is owned by the taxpayer or owned by the United States or an agency or instrumentality thereof or the state or a political subdivision thereof and leased or subleased to the taxpayer is qualified equipment if it is in New Mexico and is incorporated or to be incorporated within one year into a manufacturing operation.
Amendment history
Laws 1979, ch. 347, § 6; 1983, ch. 206, § 4; 1990, ch. 3, § 4.
Source: official source (NMSA chapter on nmonesource.com)
In this article (13 sections)
- 7-9A-1 · Short title
- 7-9A-2 · Purpose of act
- 7-9A-2.1 · Repealed
- 7-9A-3 · Definitions
- 7-9A-4 · Administration of the act
- 7-9A-5 · Investment credit; amount; claimant
- 7-9A-6 · Qualified equipment
- 7-9A-7 · Value of qualified equipment
- 7-9A-7.1 · Employment requirements
- 7-9A-8 · Claiming the credit for certain taxes
- 7-9A-9 · Credit claim forms
- 7-9A-10 · Repealed
- 7-9A-11 · Transition provisions